MAJOR CURRENCY PAIR June 26- 30 The highlights of the week were comments from the Bank of England’s (BoE) top officials and downbeat economic data from the US.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.20.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.20.17

A DAILY SOCIAL TRADING EVENT

WORD MAJOR CURRENCY PAIRS 7.20.17This morning, the greenback is trading higher against most of the major currencies,

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.20.17This morning, the greenback is trading higher against most of the major currencies, ahead of the US initial jobless claims and leading indicator data, both slated to release in a few hours.

The EUR is trading lower against the USD, with investors looking forward to the European Central Bank’s interest rate decision, scheduled in a while, to get some clarity on the central bank’s outlook on scaling back its bond-buying program.

The GBP is trading lower against the USD. Earlier today, data showed that Britain’s retail sales sharply rebounded in June, boosted by warmer weather, thus soothing fears of a slowdown in the nation’s consumer spending that weighed on overall economic growth in the first quarter.

The Yen is trading lower against the USD, after the Bank of Japan (BoJ) left its monetary policy unchanged, but slashed its inflation forecasts to 1.1% for current fiscal year and to 1.5% for fiscal 2018. Moreover, the central bank once again pushed back the timing for achieving its inflation target to around fiscal 2019. Nevertheless, the BoJ raised its GDP growth forecast for the current fiscal year to 1.8%.

Yesterday, the greenback traded higher in the New York session, against the key currencies, after housing starts in the US advanced for the first time in 4 months in June, while the nation’s building permits rebounded at its fastest pace since March 2017 in the same month, thus suggesting that the housing sector remains on course for stronger growth this quarter after showing a poor performance in recent months.




 

WORD MAJOR CURRENCY PAIRS 7.20

CURRENCY INVESTORS Euro Dollar Exchange Opens Lower Thursday July 20

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1505 against the USD, 0.14% lower from the New York close. In economic news, data showed that the Eurozone’s seasonally adjusted current account surplus expanded in May. This morning, the pair traded at a high of 1.1533 and a low of 1.1497. The Euro traded marginally lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1521. The pair is expected to its find support at 1.1488 and its first resistance at 1.1530.

 CURRENCY INVESTORS British Pound Opens Down Thursday July 20

GBPUSD

At 09:40 GMT, the pair is trading at 1.2969, with the Pound trading 0.44% lower against US Dollar from the New York close. Data indicated that UK’s retail sales rebounded more-than-expected on a monthly basis in June. The pair witnessed a high of 1.3033 and a low of 1.2957 during the session. Yesterday, the Pound traded slightly lower against the US Dollar in the New York session and ended at 1.3026. Immediate downside, the first support level is seen at 1.2933, while on the upside, the first resistance level is situated at 1.3029.

 CURRENCY INVESTORS Japanese Yen Opened Down Thursday July 20

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.37 against the Yen, 0.42% higher from the New York close. On the data front, Japan’s adjusted merchandise trade surplus unexpectedly narrowed in June, while the nation’s all industry activity index eased more-than-anticipated in May. During the session, the pair traded at a high of 112.42 and a low of 111.77. Yesterday, the US Dollar traded 0.24% higher against the Yen in the New York session and ended at 111.90. The pair is expected to its find support at 111.81 and its first resistance at 112.67.

 CURRENCY INVESTORS Swiss Franc Early Rise Thursday July 20

USDCHF

The US Dollar is trading at 0.9575 against the Swiss Franc at 09:40 GMT this morning, 0.24% higher from the New York close. On the macro front, Switzerland’s trade surplus decreased in June. The pair traded at a high of 0.9579 and a low of 0.9546 this morning. Yesterday, the USD traded 0.17% higher against the CHF in the New York session and ended at 0.9552. The pair is expected to its find support at 0.9543 and its first resistance at 0.9593.

 CURRENCY INVESTORS Canadian Dollar Early Drop Thursday July 20

USDCAD

The pair is trading at 1.2633 at 09:40 GMT this morning, with the USD trading 0.24% higher against CAD from the New York close. The pair traded at a high of 1.2634 and a low of 1.2592 this morning. The US Dollar declined against the Canadian Dollar in the New York session yesterday, closing a tad lower at 1.2603. Data showed that Canada’s manufacturing shipments climbed more-than-anticipated on a monthly basis in May. The pair is expected to its find support at 1.2593 and its first resistance at 1.2657.

 CURRENCY INVESTORS Australian Dollar rising Today Thursday July 20

AUDUSD

The pair is trading at 0.7901 at 09:40 GMT this morning, with the Australian Dollar trading 0.68% lower against US Dollar from the New York close. Earlier today, data indicated that Australia’s seasonally adjusted unemployment rate remained steady at 5.6% in June, while the NAB business confidence index remained unchanged in 2Q 2017. This morning, the pair traded at a high of 0.7989 and a low of 0.7901. The Australian Dollar traded 0.14% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7955. The pair is expected to its find support at 0.7872 and its first resistance at 0.7960.

COMMODITY INVESTORS Gold Prices Opens Lower Thursday July 20

Gold

Gold is trading at $1237.00 per ounce at 09:40 GMT this morning, 0.31% lower from the New York close. This morning, the precious metal traded at a high of $1242.20 per ounce and a low of $1235.90 per ounce. Yesterday, gold traded 0.17% lower in the New York session and closed at $1240.80 per ounce, amid strength in global equities. Immediate downside, the first support level is seen at $1234.10 per ounce, while on the upside, the first resistance level is at $1241.70 per ounce.

 COMMODITY INVESTORS Silver Prices Open Down Thursday July 20

Silver

The precious metal is trading at $16.17 per ounce at 09:40 GMT this morning, 0.58% lower from the New York close. During the session, silver traded at a high of $16.30 per ounce and a low of $16.14 per ounce. In the New York session yesterday, silver fell 0.28% and closed at $16.27 per ounce, tracking losses in gold prices. Immediate downside, the first support level is seen at $16.09 per ounce, while on the upside, the first resistance level is at $16.30 per ounce.

 COMMODITY INVESTORS Crude Oil Prices Open higher Thursday July 20

Oil

The commodity is trading at $47.15 per barrel at 09:40 GMT this morning, 0.13% higher from the New York close. Crude oil witnessed a high of $47.20 per barrel and a low of $46.95 per barrel during the session. In the New York session yesterday, crude oil rose 1.49% to close at $47.09 per barrel, after the EIA reported that US crude oil inventories sharply dropped by 4.7 million barrels to 490.6 million barrels last week. Immediate downside, the first support level is seen at $46.57 per barrel, while on the upside, the first resistance level is at $47.50 per barrel.

 

Economic Snapshot

 

UK retail sales rose more-than-expected in June

In June, retail sales in the UK registered a rise of 0.60% on a monthly basis, compared to a revised drop of 1.10% in the previous month. Market anticipation was for retail sales to climb 0.40%.

 

German producer price index remained steady in June

The producer price index in Germany remained flat in June on a MoM basis, more than market expectations for a fall of 0.10%. The producer price index had dropped 0.20% in the previous month.

 

Swiss trade surplus narrowed in June

In June, trade surplus in Switzerland dropped to CHF 2.81 billion. Switzerland had reported a revised trade surplus of CHF 3.39 billion in the prior month.

 

Australian unemployment rate remained unchanged in June

The seasonally adjusted unemployment rate remained flat at a level of 5.60% in June, in Australia, meeting market expectations.

 



MAJOR CURRENCY PAIR June 26- 30 The highlights of the week were comments from the Bank of England’s (BoE) top officials and downbeat economic data from the US.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.19.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.19.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIRS 7.19.17 This morning, the greenback is trading mixed against most of the major currencies, ahead

FOREX INVESTORS MAJOR CURRENCY PAIRS 7.19.17 This morning, the greenback is trading mixed against most of the major currencies, ahead of the US housing starts and building permits data, both set to release in a few hours.

The EUR is trading lower against the USD, after the Eurozone’s seasonally adjusted construction output dropped in May.

The GBP is trading lower against the USD. Looking ahead, investors anxiously await the release of Britain’s retail sales data, scheduled tomorrow, to get cues on whether consumers are still cutting back on spending.

The Yen is trading higher against the USD. Moving ahead, investors will draw their attention to the Bank of Japan’s (BoJ) interest rate decision, scheduled to be announced tomorrow. The central bank is widely expected to upwardly revise its economic growth forecasts but trim its optimistic inflation outlook, while keeping the monetary policy unchanged.

Yesterday, the greenback traded higher in the New York session, against the key currencies. In economic news, the US NAHB housing market index revealed that confidence among homebuilders surprisingly deteriorated to an 8-month low in July, as homebuilders were grappled with concerns over rising costs for materials, particularly lumber. Moreover, the nation’s export price index as well as the import price index, both declined for the second straight month in June, at par with market expectations.

 



MAJOR CURRENCY PAIRS 7.19.17

 CURRENCY INVESTORS Euro Dollar Opened Higher on Wednesday July 19

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1531 against the USD, 0.2% lower from the New York close, after data indicated that the Eurozone’s seasonally adjusted construction output declined on a monthly basis in May. This morning, the pair traded at a high of 1.1555 and a low of 1.1515. The Euro traded slightly lower against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1554. The pair is expected to its find support at 1.1503 and its first resistance at 1.1571.

 CURRENCY INVESTORS British Pound Opened lower on Wednesday July 19

GBPUSD

At 09:40 GMT, the pair is trading at 1.3029, with the Pound trading 0.08% lower against US Dollar from the New York close. Moving ahead, investors will look forward to Britain’s retail sales data, slated to release tomorrow. The pair witnessed a high of 1.3049 and a low of 1.3011 during the session. Yesterday, the GBP traded 0.18% higher against the USD in the New York session and ended at 1.3039. Immediate downside, the first support level is seen at 1.3002, while on the upside, the first resistance level is situated at 1.3059.

 CURRENCY INVESTORS Japanese Yen Opened down on Wednesday July 19

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 111.96 against the Yen, 0.12% lower from the New York close. In economic news, Japan’s final machine tool orders advanced on an annual basis in June, confirming the preliminary print. During the session, the pair traded at a high of 112.23 and a low of 111.88. In the New York session yesterday, the USD rose 0.21% against the JPY to close at 112.10. The pair is expected to its find support at 111.68 and its first resistance at 112.24.

 CURRENCY INVESTORS Swiss Franc Opened Lower on Wednesday July 19

USDCHF

The US Dollar is trading at 0.9538 against the Swiss Franc at 09:40 GMT this morning, 0.12% lower from the New York close. Looking ahead, market participants will focus on Switzerland’s trade balance figures, scheduled to release tomorrow. The pair traded at a high of 0.9561 and a low of 0.9529 this morning. The US Dollar traded 0.07% higher against the Swiss Franc in the New York session yesterday, with the pair closing the session at 0.9549. The pair is expected to its find support at 0.9521 and its first resistance at 0.9558.

 CURRENCY INVESTORS Canadian Dollar Opened Down on Wednesday July 19

USDCAD

The pair is trading at 1.2641 at 09:40 GMT this morning, with the USD trading 0.09% higher against CAD from the New York close. Ahead in the day, market participants will keep a close watch on Canada’s manufacturing shipments data. The pair traded at a high of 1.2653 and a low of 1.2623 this morning. In the New York session yesterday, the US Dollar rose 0.13% against the Canadian Dollar to close at 1.2630. The pair is expected to its find support at 1.2590 and its first resistance at 1.2683.

 CURRENCY INVESTORS Australian Dollar Opened High on Wednesday July 19

AUDUSD

The pair is trading at 0.7927 at 09:40 GMT this morning, with the Australian Dollar trading 0.16% higher against US Dollar from the New York close. On the macro front, data showed that Australia’s Westpac leading index declined in June. This morning, the pair traded at a high of 0.7947 and a low of 0.7909. The AUD traded 0.15% lower against the USD in the New York session yesterday, with the pair closing the session at 0.7914. The pair is expected to its find support at 0.7908 and its first resistance at 0.7946.

 Gold Prices Opened Lower on Wednesday July 19

Gold

Gold is trading at $1239.20 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close. This morning, the precious metal traded at a high of $1243.00 per ounce and a low of $1236.30 per ounce. The yellow metal traded 0.09% higher in the New York session yesterday, and closed the session at $1242.00 per ounce, as weakness in global equity markets increased demand for the precious yellow metal. Immediate downside, the first support level is seen at $1235.10 per ounce, while on the upside, the first resistance level is at $1243.70 per ounce.

 Silver Prices Opened Higher on Wednesday July 19

Silver

The precious metal is trading at $16.20 per ounce at 09:40 GMT this morning, 0.37% lower from the New York close. During the session, silver traded at a high of $16.29 per ounce and a low of $16.14 per ounce. Yesterday, silver traded 0.37% higher in the New York session and ended at $16.26 per ounce, tracking gains in gold prices. Immediate downside, the first support level is seen at $16.09 per ounce, while on the upside, the first resistance level is at $16.31 per ounce.

 Crude oil Prices opened Down on Wednesday July 19

Oil

The commodity is trading at $46.44 per barrel at 09:40 GMT this morning, 0.37% higher from the New York close. Crude oil witnessed a high of $46.59 per barrel and a low of $46.14 per barrel during the session. The commodity declined in the New York session yesterday, closing 1.01% lower at $46.27 per barrel, after the API report showed that US crude oil stockpiles unexpectedly rose by 1.6 million barrels to 497.2 million barrels last week. However, losses in crude prices were limited, following reports that Saudi Arabia is mulling deeper export curbs. Immediate downside, the first support level is seen at $46.01 per barrel, while on the upside, the first resistance level is at $46.89 per barrel.

 

Economic Snapshot

 

Japanese machine tool orders climbed in June

The final machine tool orders recorded a rise of 31.10% in Japan on a YoY basis, in June. Machine tool orders had advanced 24.50% in the prior month. The preliminary figures had also recorded an advance of 31.10%.

 

Australian Westpac leading index dropped in June

On a monthly basis, the Westpac leading index in Australia eased 0.14% in June. The Westpac leading index had fallen by a revised 0.01% in the previous month.



MAJOR CURRENCY PAIR June 26- 30 The highlights of the week were comments from the Bank of England’s (BoE) top officials and downbeat economic data from the US.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.18.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.18.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIRS 7.18.17  This morning, the greenback is trading lower against most of the major currencies, ahead of the US NAHB housing market index,

FOREX INVESTORS MAJOR CURRENCY PAIRS 7.18.17  This morning, the greenback is trading lower against most of the major currencies, ahead of the US NAHB housing market index, slated to release in a few hours.

The EUR is trading higher against the USD, after the latest ZEW survey data indicated that investor sentiment across the Eurozone deteriorated more-than-expected in July.

The GBP is trading lower against the USD, after Britain’s annual inflation slowed in June, easing for the first time since October 2016, thus reducing the odds of an interest rate hike by the Bank of England in the near future. Yesterday, the Brexit Minister, David Davis and European Union’s chief negotiator, Michel Barnier, began four days of talks to settle Brexit terms.

The AUD gained ground against the USD, after minutes of the Reserve Bank of Australia’s (RBA) July meeting revealed that officials maintained a bullish outlook on the Australian economy and acknowledged recent improvement in the nation’s labor market, public investment and retails sales. Further, it revealed that policymakers now expect a cash rate of 3.5% to keep inflation in check and growth at reasonable levels.

Yesterday, the greenback traded higher in the New York session, against the key currencies. Macroeconomic data indicated that the New York Empire State manufacturing index fell more-than-expected in July. Meanwhile, two more Republican senators refused to support plans to repeal and replace Obamacare with Republican health-care bill, further delaying the US President, Donald Trump’s plans to implement his tax and fiscal reforms.



MAJOR CURRENCY PAIRS 7.18.17

 CURRENCY INVESTORS Euro Dollar Open Higher on Tuesday July 18

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1555 against the USD, 0.66% higher from the New York close. Data indicated that the ZEW economic sentiment index fell more-than-expected across the Eurozone in July. This morning, the pair traded at a high of 1.1560 and a low of 1.1472. The Euro traded 0.1% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 1.1479. The pair is expected to its find support at 1.1487 and its first resistance at 1.1592.

EUR/USD’s rally resumed and surges to as high as 1.1537 so far. Intraday bias is back on the upside for 1.1615 key resistance next. Decisive break there will pave the way to 1.2 handle. On the downside, below 1.1434 minor support will turn bias neutral and bring retreat. But near term outlook will stay bullish as long as 1.1312 support holds.

In the bigger picture, the firm break of 1.1298 resistance further affirm medium term reversal. That is, an important bottom was formed at 1.0339 on bullish convergence condition in weekly MACD. Further rise would be seen to 55 month EMA (now at 1.1763). Sustained break there will pave the way to 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516 next. This will now remain the favored case as long as 1.1118 support holds.

CURRENCY INVESTORS British Pound Open Higher on Tuesday July 18

GBPUSD

At 09:40 GMT, the pair is trading at 1.3038, with the Pound trading 0.12% lower against US Dollar from the New York close, after data showed that UK’s consumer price index rose less-than-expected on an annual basis in June. The pair witnessed a high of 1.3126 and a low of 1.3016 during the session. Yesterday, the Pound traded 0.16% lower against the US Dollar in the New York session and ended at 1.3054, amid dissension between British government as it wades into second round of Brexit negotiations. Immediate downside, the first support level is seen at 1.2994, while on the upside, the first resistance level is situated at 1.3104.

GBP/USD remains on the upside for the moment. Current rise should target 61.8% projection of 1.2108 to 1.3047 from 1.2588 at 1.3168. Overall, choppy rebound from 1.1946 is seen as a corrective pattern, hence, we’d be cautious on strong resistance from 1.3168 to limit upside. But firm break of 1.3168 will bring further rise towards 1.3444 key resistance. On the downside, below 1.3046 minor support will turn intraday bias neutral first.

CURRENCY INVESTORS Japanese Yen Open Lower on Tuesday July 18

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.25 against the Yen, 0.35% lower from the New York close. Going ahead, investors will look forward to Japan’s final machine tool orders data, slated to release tomorrow. During the session, the pair traded at a high of 112.66 and a low of 111.99. Yesterday, the US Dollar traded 0.16% higher against the Yen in the New York session and ended at 112.64. The pair is expected to its find support at 111.87 and its first resistance at 112.75.

USD/JPY’s fall from 114.49 continues today and reaches as low as 111.98 so far. Intraday bias remains on the downside for deeper decline. As noted before, he rejection from 114.36 resistance suggests that whole correction from 118.65 is possibly still in progress. Sustained break of 55 day EMA (now at 112.03) will pave the way to 108.12 and below. On the upside, above 112.86 minor resistance will turn intraday bias neutral first.

 CURRENCY INVESTORS Swiss Franc Early View Lower on Tuesday July 18

USDCHF

The US Dollar is trading at 0.9549 against the Swiss Franc at 09:40 GMT this morning, 0.79% lower from the New York close. Amid a lack of major economic releases in Switzerland today, investor sentiment would be determined by global macroeconomic events. The pair traded at a high of 0.9635 and a low of 0.9541 this morning. Yesterday, the USD traded 0.16% higher against the CHF in the New York session and ended at 0.9625. The pair is expected to its find support at 0.9515 and its first resistance at 0.9609.

Breach of 0.9595 minor support indicates that consolidation pattern fro 0.9551 has completed at 0.9699. Intraday bias is turned back to the downside for 0.9551 first. Break will extend the fall from 1.0342 to 0.9443 key support level next. At this point, we’d expect strong support from there to bring rebound. On the upside, above 0.9699 will extend the consolidation with another rise. But upside should be limited by 0.9770 resistance and bring fall resumption.

 CURRENCY INVESTORS Canadian Dollar Early View Lower on Tuesday July 18

USDCAD

The pair is trading at 1.2607 at 09:40 GMT this morning, with the USD trading 0.71% lower against CAD from the New York close. The pair traded at a high of 1.2701 and a low of 1.2605 this morning. The US Dollar advanced against the Canadian Dollar in the New York session yesterday, closing 0.35% higher at 1.2697. The Canadian Dollar lost ground, after Canada’s existing home sales declined on a monthly basis in June. The pair is expected to its find support at 1.2574 and its first resistance at 1.2670.

USD/CAD lost some downside momentum with 4 hour MACD crossed above signal line. But with 1.2770 minor resistance intact, intraday bias remains on the downside for further fall. Current decline is expected to target a test on 1.2460 low. Meanwhile, considering bullish convergence condition in 4 hour MACD, break of 1.2770 will indicate short term bottoming In such case, there will be lengthier consolidation before staging another decline.

 CURRENCY INVESTORS Australian Dollar Down Early View on Tuesday July 18

AUDUSD

The pair is trading at 0.7939 at 09:40 GMT this morning, with the Australian Dollar trading 1.8% higher against US Dollar from the New York close, following the release of hawkish minutes of the RBA’s latest meeting. This morning, the pair traded at a high of 0.7941 and a low of 0.7786. The Australian Dollar traded 0.38% lower against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7799. The pair is expected to its find support at 0.7836 and its first resistance at 0.7991.

AUD/USD’s rise resumed after brief consolidation and reaches as high as 0.7903 so far. The break of near term channel resistance indicates upside acceleration. Intraday bias stays on the upside for 61.8% projection of 0.6826 to 0.7833 from 0.7328 at 0.7950 next. Break there will target 100% projection at 0.8335. On the downside, below 0.7785 will turn intraday bias neutral and bring consolidations before staging another rally.

 Gold Prices Opened Higher on Tuesday July 18

Gold

Gold is trading at $1235.80 per ounce at 09:40 GMT this morning, 0.19% higher from the New York close. This morning, the precious metal traded at a high of $1238.10 per ounce and a low of $1232.20 per ounce. Yesterday, gold traded marginally lower in the New York session and closed at $1233.50 per ounce, amid strength in the greenback. Immediate downside, the first support level is seen at $1230.30 per ounce, while on the upside, the first resistance level is at $1239.70 per ounce.

A weaker U.S. Dollar and lower U.S. Treasury yields are helping to support gold pricesearly Tuesday. Although the market is trading higher, buyers look a little tentative as gold inches its way through a major retracement zone.

Keep in mind that although the U.S. Dollar is falling and that theoretically, gold as a dollar-denominated asset is expected to rise because a cheaper dollar tends to increase foreign demand, gold is also sensitive to rising interest rates.

With the odds of a Fed rate hike later this year quickly diminishing, and the chances of a rate hike by the European Central Bank, on the heels of a Bank of Canada rate hike last week, slowly increasing, this gold rally may actually face some resistance.

 Silver Prices Open Higher on Tuesday July 18

Silver

The precious metal is trading at $16.11 per ounce at 09:40 GMT this morning, 0.06% higher from the New York close. During the session, silver traded at a high of $16.20 per ounce and a low of $16.06 per ounce. In the New York session yesterday, silver fell 0.09% and closed at $16.10 per ounce. Immediate downside, the first support level is seen at $15.99 per ounce, while on the upside, the first resistance level is at $16.21 per ounce.

Banks expect gold to match its 2016 average this year, but cut their silver price forecasts after the metal slid 9 percent in the second quarter.

A poll of 39 analysts and traders conducted by Reuters this month returned an average silver price forecast of $17.32 an ounce for 2017, down from an average view of $17.98 in a similar poll conducted three months ago.

That is just over 1 percent above last year’s average of $17.09 an ounce.

Crude oil Prices Open Higher on Tuesday July 18

Oil

The commodity is trading at $46.19 per barrel at 09:40 GMT this morning, 0.54% higher from the New York close. Crude oil witnessed a high of $46.26 per barrel and a low of $45.81 per barrel during the session. In the New York session yesterday, crude oil fell 0.73% to close at $45.94 per barrel, after the EIA forecasted that US shale-oil production is set to rise in August. Immediate downside, the first support level is seen at $45.76 per barrel, while on the upside, the first resistance level is at $46.68 per barrel.

Oil prices extended gains on Tuesday following a report that Saudi Arabia is considering further limiting the amount of oil it ships beyond its borders.

The Saudis are considering cutting crude oil exports by 1 million barrels a day, according to Bloomberg News.

Brent crude futures, the international benchmark for oil prices, were up 85 cents, or 1.8 percent, at $49.27 per barrel by 8:16 a.m. ET (1216 GMT), up 13 cents, or 0.3 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were rose 82 cents, or 1.8 percent, to $46.84 per barrel.

 

MAJOR CURRENCY PAIRS 7.18.17

 

 

UK consumer price index advanced less-than-expected in June

On an annual basis, in the UK, the consumer price index recorded a rise of 2.60% in June, compared to an advance of 2.90% in the prior month. Markets were anticipating the consumer price index to climb 2.90%.

 

UK house price index advances more-than-expected in May

On an annual basis in the UK, the house price index registered a rise of 4.70% in May, compared to a revised advance of 5.30% in the prior month. Market anticipation was for the house price index to climb 3.00%.

 

Eurozone economic sentiment index fell in July

In July, the economic sentiment index in the Eurozone fell to a level of 35.60. In the prior month, the economic sentiment index had recorded a reading of 37.70.

 

German economic sentiment index dropped in July

In July, the economic sentiment index in Germany dropped to 17.50, compared to a level of 18.60 in the prior month. Markets were anticipating the economic sentiment index to fall to 18.00.

 



Toronto Stock Market  The S&P/TSX is a major stock market index which tracks the performance of largest companies by market capitalization

FOREX INVESTORS BUZZ Canada S&P/TSX Toronto Stock Closed Down on Monday July 17

Canada S&P/TSX Toronto Stock Market Index  | Data | Chart

FOREX INVESTORS Toronto Stock Closed  Toronto TSX decreased 9 points or 0.06% to 15165 on Monday July 17 from 15175 in the previous trading session. Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all time high of 15922.37 in February of 2017 and a record low of 217.50 in February of 1950.



Toronto Stock Closed

Canada S&P/TSX Toronto Stock Market Index Notes

STOCK INVESTORS The S&P/TSX is a major stock market index which tracks the performance of largest companies by market capitalization on the Toronto Stock Exchange in Canada. It is a free float market capitalization weighted index. The index covers approximately 95 percent of the Canadian equities market. The S&P/Toronto Stock Exchange Composite Index has a base value of CAD1000 as of January 1, 1975. . This page provides – Canada Stock Market (S&P/TSX) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada S&P/TSX Toronto Stock Market Index – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
15165.36 15174.81 15922.37 217.50 1950 – 2017 points Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



 ASX 200 Stock Market  The S&P/ASX 200 is the most important stock market index which tracks the performance of 200 large companies based in Australia

FOREX INVESTORS BUZZ Australia S&P/ASX 200 Closed Lower on Monday July 17

Australia S&P/ASX 200 Stock Market Index | Data | Chart

FOREX INVESTORS ASX 200 Closed  ASX 200 decreased 10 points or 0.17% to 5755 on Monday July 17 from 5765 in the previous trading session. Historically, the Australia S&P/ASX 200 Stock Market Index reached an all time high of 6828.70 in November of 2007 and a record low of 1358.50 in November of 1992.



ASX 200 Closed  

Australia S&P/ASX 200 Stock Market Index Notes

STOCK INVESTORS  The S&P/ASX 200 is the most important stock market index which tracks the performance of 200 large companies based in Australia. It is a market-capitalization weighted and float-adjusted index. The index has a base value of AUD3133.3, equal to the value of the All Ordinary Shares as of March 31, 2000. . This page provides – Australia Stock Market (S&P/ASX 200) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia S&P/ASX 200 Stock Market Index – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
5755.47 5765.12 6828.70 1358.50 1992 – 2017 points Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)


FOREX INVESTORS BUZZ Crude oil Prices Closed Lower on Monday July 17

Crude oil  | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS  Crude oil Prices Closed Crude Oil decreased 0.59 USD/BBL or 1.27% to 45.95 on Monday July 17 from 46.54 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.



 Crude oil Prices Closed

Crude oil

FOREX INVESTORS Crude oil is the world’s most actively traded commodity. Crude Oil prices displayedare based on over-the-counter (OTC) and contract for difference (CFD) financial  instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
45.95 46.54 145.31 1.17 1946 – 2017 USD/BBL Daily

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



Gold prices edged lower on Friday, still weighed by the previous session’s upbeat U.S. economic growth data, although hawkish

FOREX INVESTORS BUZZ Gold Price Closed Higher on Monday July 17

Gold  | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS Gold Price Closed Gold increased 5.72 USD/t oz. or 0.47% to 1,236.90 on Monday July 17 from 1,228.58 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.



Gold Price Closed

Gold Notes

commodity Investors The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in  the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on July of 2017.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



Silver Price Unable to Hold above $20.00 as Dollar Stabilises

FOREX INVESTORS BUZZ Silver Prices Closed Higher on Monday July 17

Silver | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS Silver Prices Closed  Silver increased 0.14 USD/t. oz or 0.90% to 16.07 on Monday July 17 from 15.95 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.



Silver Prices Closed

Silver Notes

 commodity Investors Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
16.07 15.95 49.45 3.55 1975 – 2017 USD/t. oz Daily

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



MAJOR CURRENCY PAIR June 26- 30 The highlights of the week were comments from the Bank of England’s (BoE) top officials and downbeat economic data from the US.

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.17.17

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.17.17

A DAILY SOCIAL TRADING EVENT

MAJOR CURRENCY PAIRS 7.17.17 This morning, the greenback is trading higher against most of the major currencies,

FOREX INVESTORS BUZZ WORD MAJOR CURRENCY PAIRS 7.17.17 This morning, the greenback is trading higher against most of the major currencies, ahead of the New York Empire State manufacturing index, slated to release in a few hours.

The EUR is trading lower against the USD, after final reading on the Eurozone’s consumer prices confirmed that the region’s inflation slowed to a 6-month low in June.

The AUD lost ground against the USD. Macroeconomic data indicated that China’s, Australia’s largest trading partner, economy expanded faster than expected on an annual basis in the second quarter of 2017, boosted by a pick-up in industrial output and stronger investment. Moreover, the nation’s industrial production climbed more-than-expected in June, while retail sales grew at its quickest pace since December 2015 in the same month.

On Friday, the greenback traded lower in the New York session, against the key currencies, after dismal US economic data quelled expectations of another interest rate hike by the US Federal Reserve this year. Data indicated that consumer prices in the US remained flat on a monthly basis in June, while the nation’s advance retail sales unexpectedly fell in the same month, dropping for a second straight month. Moreover, confidence amongst Americans deteriorated in July, pushing the index to its lowest level in 9 months. In other economic news, the US industrial production grew above expectations in June, while the nation’s manufacturing production rebounded as expected in the same month. Moreover, the nation’s business inventories rose in May, meeting market expectations.



MAJOR CURRENCY PAIRS 7.17.17

 AUDUSD Fell First Look on Monday July 17

EURUSD

This morning at 09:40 GMT, the EUR is trading at 1.1458 against the USD, 0.1% lower from the New York close. Earlier today, data showed that the Eurozone’s final consumer price index advanced as expected in June. This morning, the pair traded at a high of 1.1475 and a low of 1.1435. The Euro traded 0.07% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 1.1470. The pair is expected to its find support at 1.1421 and its first resistance at 1.1485.

 GBPUSD Rose First Look on Monday July 17

GBPUSD

At 09:40 GMT, the pair is trading at 1.3071, with the Pound trading 0.28% lower against US Dollar from the New York close. Overnight data indicated that UK’s Rightmove house price index rebounded on a monthly basis in July. The pair witnessed a high of 1.3113 and a low of 1.3068 during the session. On Friday, the Pound traded 0.75% higher against the US Dollar in the New York session and ended at 1.3108. Immediate downside, the first support level is seen at 1.2981, while on the upside, the first resistance level is situated at 1.3138.

 USDJPY Rose First Look on Monday July 17

USDJPY

This morning, at 09:40 GMT, the US Dollar is trading at 112.54 against the Yen, slightly higher from the New York close. Amid a holiday in Japan today, investors will look forward to global macroeconomic events, for further direction. During the session, the pair traded at a high of 112.77 and a low of 112.40. On Friday, the US Dollar traded 0.17% higher against the Yen in the New York session and ended at 112.50. The pair is expected to its find support at 112.12 and its first resistance at 113.12.

 USDCHF Rose Early Look on Monday July 17

USDCHF

The US Dollar is trading at 0.9630 against the Swiss Franc at 09:40 GMT this morning, a tad lower from the New York close. With no economic releases in Switzerland today, trading trend in the CHF is expected to be determined by global macroeconomic news. The pair traded at a high of 0.9659 and a low of 0.9629 this morning. On Friday, the USD traded 0.06% lower against the CHF in the New York session and ended at 0.9632. The pair is expected to its find support at 0.9606 and its first resistance at 0.9678.

 USDCAD Rose First Look on Monday July 17

USDCAD

The pair is trading at 1.2666 at 09:40 GMT this morning, with the USD trading 0.13% higher against CAD from the New York close. Looking ahead, investors will focus on Canada’s existing home sales data, scheduled to release in a few hours. The pair traded at a high of 1.2673 and a low of 1.2640 this morning. The US Dollar declined against the Canadian Dollar in the New York session on Friday, closing 0.5% lower at 1.2650. The pair is expected to its find support at 1.2622 and its first resistance at 1.2729.

 AUDUSD Fell First Look on Monday July 17

AUDUSD

The pair is trading at 0.7811 at 09:40 GMT this morning, with the Australian Dollar trading 0.2% lower against US Dollar from the New York close. On the data front, in China, Australia’s largest trading partner, the gross domestic product (GDP) advanced as expected on a quarterly basis in 2Q 2017. This morning, the pair traded at a high of 0.7832 and a low of 0.7803.  The Australian Dollar traded 0.09% higher against the US Dollar in the New York session on Friday, with the pair closing the session at 0.7827. The pair is expected to its find support at 0.7767 and its first resistance at 0.7845.

 Gold Prices Rose First Look on Monday July 17

Gold

Gold is trading at $1229.40 per ounce at 09:40 GMT this morning, 0.11% higher from the New York close. This morning, the precious metal traded at a high of $1231.50 per ounce and a low of $1227.90 per ounce. On Friday, gold traded 0.27% lower in the New York session and closed at $1228.00 per ounce, amid strength in the US equities. Immediate downside, the first support level is seen at $1220.70 per ounce, while on the upside, the first resistance level is at $1235.40 per ounce.

 Silver Prices Rose First Look on Monday July 17

Silver

The precious metal is trading at $16.00 per ounce at 09:40 GMT this morning, 0.31% higher from the New York close. During the session, silver traded at a high of $16.06 per ounce and a low of $15.94 per ounce. In the New York session on Friday, silver fell 0.53% and closed at $15.95 per ounce. Immediate downside, the first support level is seen at $15.74 per ounce, while on the upside, the first resistance level is at $16.16 per ounce.

 Crude oil Price Rose First Look on Monday July 17

Oil

The commodity is trading at $46.50 per barrel at 09:40 GMT this morning, 0.39% lower from the New York close. Crude oil witnessed a high of $46.88 per barrel and a low of $46.38 per barrel during the session. In the New York session on Friday, crude oil rose 1.24% to close at $46.68 per barrel. However, gains in crude prices were limited, after Baker Hughes indicated that US oil rig count increased by 2 to 765 last week. Immediate downside, the first support level is seen at $45.96 per barrel, while on the upside, the first resistance level is at $46.96 per barrel.




 

Economic Snapshot

 .

Eurozone consumer price index advanced as expected in June

The final consumer price index in the Eurozone climbed 1.30% on an annual basis in June, compared to an advance of 1.40% in the prior month. Markets were expecting the consumer price index to rise 1.30%. The preliminary figures had also indicated an advance of 1.30%.

Chinese retail sales grew more-than-expected in June

On a YoY basis, retail sales in China recorded a rise of 11.00% in June, higher than market expectations for an advance of 10.60%. In the prior month, retail sales had climbed 10.70%.

 

Chinese industrial production advanced more-than-expected in June

On an annual basis, in June, industrial production climbed 7.60% in China, compared to a rise of 6.50% in the previous month. Markets were anticipating industrial production to climb 6.50%.